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Twitter, social media are fertile ground for stock hoaxes

NEW YORK (Reuters) – Prominent short-seller David Einhorn raised eyebrows last month when he popped up on Twitter to disavow that he had tweeted about Herbalife Ltd.

”Apparently I have a twitter impersonator,” said the hedge fund manager, adding that he had no plans ”to tweet about stocks.”

What set off Einhorn, founder of Greenlight Capital, was a post by a since-suspended Twitter account called @Greenlightcap that read: ”The $HLF tug of war will in the end come down to who has more money to play with. I wouldn’t want to be in Bill’s shoes right now #TeamIcahn.”

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Google buys Sparrow

SAN FRANCISCO – Google has acquired Sparrow, a provider of email management software for Apple’s platforms, Sparrow announced Friday.

“Now we’re joining the Gmail team to accomplish a bigger vision — one that we think we can better achieve with Google,” said Dom Leca, chief executive officer of Sparrow, in an announcement posted on the company’s website.

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Microsoft to acquire display maker Perceptive Pixel

SAN FRANCISCO – Microsoft on Monday announced that it has agreed to buy large-scale multitouch display maker Perceptive Pixel.

Perceptive Pixel’s “large touch displays, when combined with hardware from our OEMs, will become powerful Windows 8-based PCs and open new possibilities for productivity and collaboration,” Kurt DelBene, president of Microsoft’s Office division, said in a joint press release.

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Facebook CTO leaving

SAN FRANCISCO – Facebook’s Chief Technology Officer (CTO) Bred Taylor announced on Friday that he will leave the social networking giant later this summer to start another company.

“While a transition like this is never easy, I’m extremely confident in the teams and leadership we have in place,” said Taylor in a blog post on his Facebook page.

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Google completes Motorola Mobility acquisition

SAN FRANCISCO (Xinhua) — Google announced on Tuesday that it has closed the 12.5 billion-U.S. dollar acquisition of Motorola Mobility.

“I’m excited to announce today that our Motorola Mobility deal has closed. Motorola is a great American tech company that has driven the mobile revolution, with a track record of over 80 years of innovation, including the creation of the first cell phone,” Larry Page, Google co-founder and chief executive officer, wrote in a blog post.

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